GHCL Textiles Approves Quarterly Results and Unveils Employee Stock Option Scheme 2026
GHCL Textiles Limited, formerly Sree Meenakshi Mills, announced key outcomes from its Board of Directors meeting held on July 30, 2026. The board approved the unaudited financial results for the quarter ending June 30, 2026, and formally approved the GHCL Employee Stock Option Scheme 2026 (ESOS).The approval of the unadited financial results was accompanied by a Limited Review Report. These results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The company also confirmed that the ESOS is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The board meeting concluded by setting the notice for the Postal Ballot to seek shareholder approval for the GHCL Textiles ESOS 2026.
Details of GHCL Textiles ESOS 2026
The GHCL Employee Stock Option Scheme 2026 outlines specific terms and conditions for employees regarding stock options. The scheme is structured to cover a defined number of shares, subject to shareholder approval in the forthcoming postal ballot.Key aspects of the ESOS include:
- Scheme Name: GHCL Textiles Employee Stock Option Scheme 2026 (GHCL Textiles ESOS 2026).
- Total Shares Covered: The scheme covers 45,00,000 equity shares, representing 4.70% of the Paid-up Capital as on March 31, 2026.
- Pricing Formula: The exercise price for each option will be the Market Price of the Share immediately preceding the grant date and must not be less than the face value of the Shares.
- Eligibility: Participants include permanent employees and whole-time Directors of the company, subject to exclusions such as Promoters, Persons belonging to the Promoter Group, Independent Directors, and Non-Executive Directors holding more than 10% of the outstanding equity shares.
The following table summarizes the major components of the GHCL Textiles ESOS 2026:
| Feature | Details |
|---|---|
| Scheme Compliance | Complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. |
| Total Options Covered | 45,00,000 equity shares (4.70% of Paid-up Capital as on March 31, 2026). |
| Exercise Price Basis | Market Price on the date immediately preceding the relevant grant date; minimum must be equal to face value. |
| Vesting Period | Minimum one year from the date of grant, with a maximum extension up to five years. |
| Per-Grantee Annual Limit | Not to exceed 3,00,000 options (approximately 0.31% of fully paid-up equity share capital). |
The scheme mandates that administration and implementation shall be handled by the Nomination and Remuneration Committee, which functions as a Compensation Committee for the purpose of SEBI regulations.
GHCLTEXTIL Stock Price Movement
As of 1:51 PM, shares of GHCL Textiles Limited are shedding 3.04% in live trading, currently priced at ₹115.9 after seeing a drop of ₹3.63. The stock had previously touched its 52-week HIGH and continues to see activity, with 791,152 shares traded during this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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